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Union Cabinet Approves Pradhan Mantri Surya Sarovar Yojana (PM-SSY)

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The Union Cabinet has launched the PM-SSY with a ₹5,070 crore outlay to develop 5,000 MW of floating solar capacity by 2030-31, aiming to boost renewable energy while conserving water resources.

The Union Cabinet has officially approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a strategic initiative designed to harness India’s vast water bodies for renewable energy generation. With a significant financial outlay of ₹5,070 crore, the scheme targets the installation of 5,000 MW of floating solar power capacity across reservoirs, dams, and lakes by the fiscal year 2030-31. Floating solar technology, or 'floatovoltaics,' offers a dual-advantage model for India. By installing solar panels on water surfaces, the government aims to optimize land use, bypassing the challenges of land acquisition often associated with large-scale ground-mounted solar parks. Furthermore, these installations provide a critical environmental benefit: the panels act as a cover, reducing water evaporation from reservoirs and dams, which is essential for water conservation in drought-prone regions. Additionally, the cooling effect of the water improves the efficiency of the solar panels, leading to higher energy yields compared to land-based systems.

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This article was curated using AI. While we strive for accuracy, please verify critical facts from official sources.